Crypto Academy Week 10 - Homework Post for @levycore

Hello every one welcome to another homework task given by our new professor @levycore who is the first professor to talk about NFTs.

I am going to be submitting a home work for the NFT known as Enjin(ENJ) but first of all let's talk about what non-fungible token (NFT).

What are NFTs

NFTs also known as non-fungible tokens they are digital assets that are like Bitcoin and Ethereum but they can also take the form of art or music files in fact anything that can be stored digitally and be thought of to hold value.

I know some of you may be wondering how NFT work well when creating NFT a blockchain is very important, it uses cryptograph in it's increasing list and when you buy an NFT the right you have is that you can easily transfer your asset to a wallet that proves that the copy you own is the original copy.

Enjin NFT

What is ENJ well at it's core ENJ coin is a crypto currency, the utility of this digital asset is it's design as a payment token for digital goods and for virtual goods created by ENJ.

The ENJ network is an online community gaming platform with over 20 million registered gamers in 250,000 gaming community, Enj coin is designed is designed specifically for gaming with additional role of being the industry most usable cryptocurrency.

The ENJ simply acts as the payment token on the ENJ network, Enjin has created software development kits which developers can integrate into their communities and games by using blockchain technology in gaming both frauds and high fess can be reduced when transferring virtual goods.

Built on the ethereum network enj in an erc-20 token, the project have smart contracts capabilities and acts as a cryptocurrency firstly launched in 2009 the enjin network is a huge ecosystem that allows the customization of gamer forums with support for chat, e-Commerce, digital market places and much more.

Enjin Api and software developing kits are impressive allowing web developers to connect with millions of gaming servers worldwide in the carrying out of this project the Enjin team has successfully implemented blockchain technology and cryptocurrencies for the gaming industry.

The Enjin platform utilizes blockchain tech for the following benefits.

Item ownership: transactuons can not be censored all thanks to the ethereum blockchain.

Exchanging of value with ease: digital items can be bought or sold instantly.

Reserves unwanted digital items can be melted into enjin coin.

Cross-game items – Enjin Multiverse

One of the one of a kind focal points of Blockchain gaming is the capacity to form things that can be utilized over diverse games by diverse designers. This means players can carry their items between games like it could be a single world (known as the Multiverse).

Multiverse things are possible since resources are put away on a decentralized blockchain – so free designers can all get to the item. To empower the improvement of cross game items, Enjin reported its most up to date asset the Stormwall. It is an example of what we will be seeing with its gaming resources. Stormwall may be a shield that moves over Enjin’s Multiverse of games.

Why is a Multiverse Beneficial?

This is one of the most asked question about cross games items so i am going to give you two answers one for developers and the other for the players.

Developers: Developers wanting cross-game assets can be explained that they pick up the benefits of extra presentation from games taking an interest within the multiverse and expanded maintenance from players who need to test out the item. This is Usually particularly vital in this age as player attention is greatly profitable and having players “check out” how an item works in a distinctive games definitely improves player interest.

Players: supporting cross-game items also implies that their items are normally move profitable, particularly long term profitable. This implies that the effort utilized to win important items are not squandered on the off chance that they can be utilized in modern and up coming games.

Enjin for Mobile Games
One of the greatest utilize case for non-fungible tokens is in mobile games. Mobile gaming is as of now esteemed at $63.2 billion USD all inclusive and developing on a year by year basis.

Enjin including real estate on NFTs with LABS Group partnership.

Enjin is supporting LABs with NFT blockchain in this partnership.

LABS Team will be utilizing Enjin’s NFT minting platform to tokenise real estate on the blockchain. LABS Teamwill be advertising fractionalized deeds of real estate for as little as USD$100, permitting retail speculators (especially millennials) to at last enter and contribute within the real estate market.

Conclusion
I personally don't think NFTs are in a bubble as many people will say because i see many gaming companies adopting this method so i think NFTs are here to stay.

Thank you for stopping by and all the images are screen shorts.

Cc:
@levycore
@steemitblog
@steemcurator01
@steemcurator02